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A companys flexible budget for 21,000 units of production showed sales, $96,600; variable costs, $27,300;...

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Accounting

A companys flexible budget for 21,000 units of production showed sales, $96,600; variable costs, $27,300; and fixed costs, $24,000. The variable costs expected if the company produces and sells 24,000 units is:

Multiple Choice

  • $96,600.

  • $120,600.

  • $55,200.

  • $31,200.

  • $27,300.

Question 2:

Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance.

Direct labor standard (2 hours @ $13.40/hour) $ 26.80 per finished unit
Actual direct labor hours 100,500 hours
Budgeted units 60,000 units
Actual finished units produced 49,500 units
Standard variable OH rate (2 hours @ $16.40/hour) $ 32.80 per finished unit
Standard fixed OH rate ($588,000/60,000 units) $ 9.80 per unit
Actual cost of variable overhead costs incurred $ 1,618,600
Actual cost of fixed overhead costs incurred $ 590,000

Multiple Choice

  • $295,200 unfavorable.

  • $24,600 favorable.

  • $5,000 unfavorable.

  • $5,000 favorable.

  • $24,600 unfavorable.

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